Argentina will seek to increase the scope of public services aimed at promoting the development of physical, language, communication, cognitive and socio-emotional skills of children age 0-5, with a $200 million loan approved by the Inter-American Development Bank (IDB).
The project will seek to strengthen out-of-school interventions aimed at promoting child development, with a focus on children between the age of 45 days and 4 years who are in a situation of social vulnerability, prioritizing children living in Northwestern and Northeastern provinces and in the outskirts of Buenos Aires City.
Additionally, the project will seek to increase access to early childhood education centers that meet adequate quality standards, and develop analytical tools aimed at increasing the effectiveness of interventions to improve child-rearing practices in the 200 districts around the country with the largest number of unmet basic needs.
The project also will finance the expansion and improvement of education infrastructure, including the construction or expansion of 98 kindergartens, and the procurement of educational equipment. Additionally, the project will support the establishment and implementation of training programs for supervisors, school directors and teachers in Buenos Aires province, introducing innovative early-childhood teaching models, and implementing an evaluation of the quality of learning environments in kindergartens.
This project, prepared jointly with Argentina’s Ministry of Education and Sports, and the Ministry of Social Development, will tackle the need to close the development gap in the two regions most affected by poverty in Argentina. It has been estimated that 15 percent of the children between 3-5 years old fail to meet the level of development expected of their age in the country. This situation is even worse in households in lower socioeconomic levels.
The IDB loan is for a 25-year term, with a 5.5-year grace period and an interest rate based on LIBOR.
About the IDB
The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.
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